Hays: Firefighting drones will make fire-prone Santa Monica mountain land highly valuable
Jordi Hays · The Secret Billionaire Party (ep6) · Nov 3, 2024 · at 1:50:52
TBPN co-host Jordy Hays describes how technological breakthroughs in firefighting drones could unlock uninsurable real estate value in Los Angeles County.
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“And I actually think the interesting thing is buying land based on bets that firefighting technology will get more advanced. Sure. There's a lot of areas of the Santa Monica mountains. Near where I am. And there's like really cheap land because to insure a two bedroom home would be 60,000 dollars a year against fire. So nobody buys, it's not economical to buy there. But if drones, like, totally, you know, revolutionize firefighting, and you just have, like, Los Angeles County fires, just swarms of drones that can, like, quickly attack and, you know, dismantle you know, fires before they start, or protect against arson, or these different things, a lot of that land suddenly becomes pretty valuable and interesting.”
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